PayPal Company History Timeline

1998
Further information Timeline of PayPal Early history edit PayPal was originally established by Max Levchin, Peter Thiel, and Luke Nosek in December 1998 as Confinity, a company that developed security software for handheld devices.
1, 1998 The world s largest oil company, ExxonMobil, was created after Exxon bought Mobil for 73.7 billion.
In fact, PayPal wasn't even named PayPal when it was founded in 1998 by technology entrepreneurs Peter Thiel and Max Levchin.
1999
1999 Confinity launches first version of the PayPal electronic payments system.
12, 1999, the sixth billionth living human in the world was born.
2000
In March 2000 Confinity was acquired by X.com Corporation, a Silicon Valley firm involved in online banking projects, led by Elon Musk.
2001
Big players tend to not be innovators, Peter Thiel told Information Week in June 2001.
When PayPal announced On September 28, 2001, that it would make an initial public stock offering IPO , the investment community was stunned.
By the end of 2001, more than one-fifth of PayPal's 12.8 million accounts were business accounts.
In the fall of 2001 PayPal also introduced its first consumer guarantee consumers who failed to receive goods bought from verified PayPal sellers would be fully reimbursed by the company.
Thanks to hefty infusions of venture capital early in 2001, PayPal had sufficient operating funds for two more years.
2002
The IPO was first scheduled to take place in late January 2002, but events conspired to delay the stock offering.
July 21, 2002 WorldCom, the Telecom giant, filed for Chapter 11 bankruptcy protection.
At the end of August 2002, regulators at the Department of Justice had decided there were no antitrust factors that would block the merger with eBay.
2003
In August 2003, PayPal agreed to settle the suit, which alleged that it had violated offshore online gaming laws, for 10 million.
2005
With about 500,000 accounts outside the United States, the company was taking its first steps toward establishing itself in the international online marketplace whose worth was expected to reach about 10 billion by 2005.
In 2005, PayPal acquired the VeriSign payment solution to provide added security support.
2007
In 2007, PayPal announced a partnership with MasterCard, which led to the development and launch of the PayPal Secure Card service, a software that allows customers to make payments on websites that do not accept PayPal directly.
By the end of 2007, the company generated 1.8 billion in revenue.
2008
In January 2008, PayPal acquired Fraud Sciences, a privately held Israeli start-up that developed online risk tools, for 169 million.
2010
The denial of service attacks occurred in December 2010, after PayPal stopped processing donations to WikiLeaks.
By 2010, PayPal had over 100 million active user accounts in 190 markets through 25 different currencies.
2011
In 2011, PayPal announced that it would begin moving its business offline so that customers can make payments via PayPal in stores.
2012
In August 2012, the company announced its partnership with Discover Card to allow PayPal payments to be made at any of the 7 million stores in Discover Card's network.
By the end of 2012, PayPal's total payment volume processed was US 145,000,000,000. and accounted for 40 of eBay's revenue, amounting to US 1,370,000,000 in the 3rd quarter of 2012.
2013
In 2013, PayPal acquired Braintree payments gateway for 800 million.
2014
In 2014, Carl Icahn, an activist and an investor of PayPal, carried out a massive public campaign by demanding a PayPal split from eBay.
19, 2014 the iPhone 6 and iPhone 6 Plus were officially released to the public.
2015
That date, of course, is July 20, 2015 when PayPal officially splits from eBay and begins trading again as PYPL.
Comparing to the 2.4 growth of eBay shares in the second quarter of 2015, PayPal s shares rose by 5.4 . Yet, the digital payments company s growth didn t stop there.
In 2015, PayPal acquired Xoom money transfer technology for 890 million, Paydiant for 280 million and, lastly, Modest.
2018
On May 17, 2018, PayPal agreed to purchase Swedish payment processor iZettle for 2.2 billion.
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2019
On March 19, 2019, PayPal announced their partnership with Instagram as part of the company's new checkout feature, Checkout on Instagram . In June 2019, PayPal reported that Chief Operating Officer Bill Ready would be leaving the company at the end of the year.
Founded
1998
Company Founded
Headquarters
San Jose, CA
Company Headquarter
Founders
Elon Musk,Luke Nosek,Max Levchin,Ken Howery,Yu Pan,Peter Thiel
Company Founders

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